BUS 501 - Managerial Economics
This course focuses on the economic decisions made by managers of firms, and the structures of various market environments within which these decisions are made. The course features the application of fundamental concepts, such as opportunity costs, opportunism, transaction costs and market power to managerial and individual decision-making. In addition, the course covers utility analysis, demand, supply, and cost functions and applies these models to pricing and vertical integration issues. An introduction to the economics of information and uncertainty is included.